• CBN Introduces e-Valuator, e-Invoice For Import, Export Transactions

    The Central Bank of Nigeria (CBN) has announced plans to commence operationalization of e-Valuator and e-Invoice to replace hard copy final invoice as part of the documentation required for all import and export transactions. In a circular that was released by the apex bank yesterday, the central bank said “effective ...

  • Nigerian Business Environment Not For The Faint-hearted – Tania Omotayo

    A creative director and founder of Ziva Lagos and Ziva Kids, Tania Omotayo, has disclosed that although the Nigerian fashion industry has grown in leaps and bounds, the business environment in the country is not for the faint-hearted. The 29-year-old creative director, who was recognised in 2013 by Forbes Magazine ...

  • CBN Introduces e-Valuator, e-Invoice For Import, Export Transactions

    The Central Bank of Nigeria (CBN) has announced plans to commence operationalization of e-Valuator and e-Invoice to replace hard copy final invoice as part of the documentation required for all import and export transactions. In a circular released by the apex bank yesterday, it said; “Effective February 1, 2022 all ...

  • Traditional Rulers Can Play Key Role In Food Security – El-Rufai

    Kaduna State Governor Malam Nasir el-Rufai has said the traditional institution plays a key role in ensuring good security in the society. The governor who was represented by the director of agriculture, Ya’u Kasimu, at the unveiling ceremony of Kaduna State chapter of the Nationwide Association for the Promotion of ...

  • NSITF Pays N.867bn Claims, To Prosecute Recalcitrant Employers

    The 2022 Management Performance Review Conference of the Nigeria Social Insurance Trust Fund (NSITF) opened yesterday in Abuja with the managing director, Dr. Mike Akabogu, saying the fund paid N857, 754, 394.51 claims in 2021. Akabogu who vowed to prosecute recalcitrant employers, charged staff of the agency to work harder ...

  • Port Congestion: Nigeria Losing 30% Container Traffic To Togo

    In the last two years, Nigeria has experienced low cargo importation into its seaports as Togo’s Lomé port has become a preferred destination for foreign shipowners operating Very Large Container Carrier (VLCC) vessels. Shallow draught, high vessel turnaround  time, and decaying, archaic port infrastructure, among others have forced foreign shipping ...

  • A Uk-Africa Trade Deal Would Create Jobs And Boost The Commonwealth Post Brexit, It Is Now Possible

    A deal would enable Britain to practice the free trade it has long preached and represent recognition by a G7 economy of the benefits of African unity, writes President Muhammadu Buhari of Nigeria Two years after the United Kingdom’s departure from the European Union, my country Nigeria and her African ...

  • Ogun Partners Lagos, Oyo To Flush Out Killer Herdsmen

    Ogun State government on Friday, said it has forged a partnership with the two neighbouring states of Lagos and Oyo to tackle the menace of killer herdsmen, kidnappers as well as other bandits operating in its forests. The chairman of the state chapter of the South West Security Network, code ...

  • ASUU Is A Trade Union, NLC Tells Head Of Civil Service

    The leadership of Nigeria Labour Congress (NLC) has faulted the statement issued by the Head of Civil Service of the Federation, Dr (Mrs.) Folasade Yemi-Esan, that the Academic Staff Union of Universities (ASUU) is not a trade union, saying it is a misrepresentation of facts. NLC President, Ayuba Wabba, who ...

  • Insecurity: Gani Adams Accuses Police Of Scuttling Rescue Initiative

    Aare Onakafo of Yoruba land, Iba Gani Abiodun Ige Adams, has blamed the police for foiling the proposed partnership that was aimed at securing the Lagos-Ibadan Expressway, saying the growing incidents of kidnapping and killings on the road could have been averted had the police authorities allowed the partnership arrangements ...

  • Experts Advocate Increased Capacity For Local Risks Retention

    Experts have charged local insurance firms to increase capacity to retain more risks locally, thereby, increasing the profitability of insurance industry in the country. Speaking at a media parley jointly sponsored by Boff & Co Insurance Brokers Limited and B. Adedipe Associates Limited for insurance journalists in Yaba, Lagos, they ...

  • Idle N5bn Firefighting Simulator Fuels Huge Capital Flight In Aviation Sector

    Nigeria is losing huge forex on the training of aviation firefighters in Cameroon and other foreign countries due to the Nigeria Civil Aviation Authority’s (NCAA’s) non-certification of the N5billion firefighting simulator equipment acquired by the federal government Investigation by this newspaper shows that the N5 billion firefighting simulator equipment remains ...

  • Ukrainian Varsities To Deepen Education In Nigeria

    Ukrainian universities are set to hold a maiden lecture on prospects in strengthening Ukraine-Nigeria relations towards expanding bilateral cooperation in education and confer honourary doctorate degrees on very few eminent Nigerians. As part of their international collaborative programmes towards expanding bilateral cooperation in education, the foremost Ukrainian Lviv University of ...

  • More Foreign Countries To Participate In Kaduna Trade Fair

    Many foreign countries, including Northern Ireland, Morocco and Tunisia, are expected to participate in the forthcoming 43rd Kaduna International Trade Fair in Kaduna State. The fair will commence on February 26, 2022. This was revealed when management of the Kaduna State Chamber of Commerce and Industry (KADCCIMA) paid a courtesy ...

  • Federal Govt Bans Importation Of Rice Through Seaports

    Nigeria Customs Service (NCS) on Wednesday said the federal government has placed full ban on importation of foreign parboiled rice through the seaports. LEADERSHIP reports that the federal government had banned importation of rice through the land borders in 2016. The Central Bank of Nigeria (CBN) has since 2015 refused ...

  • Businessman Urges Youths To Engage In Politics For Better Nigeria

    A businessman, Chief Mmerigwo Henry Iyke, has called on youths across Nigeria to participate actively in politics and unite together to discuss ideas of achieving a new Nigeria that is desirable by all. The foremost Uli-born business tycoon and renowned philanthropist said youth’s active participation this year, which precedes the ...

  • Senate Okays Establishment Of National Rice Dev’t Council

    The Senate has passed a Bill seeking to establish the National Rice Development Council, a move that would see to Nigeria saving about $2billion dollars on rice importation and improve the country’s foreign exchange earnings. The passage of the Bill followed the consideration of a report by the Senate Committee ...

  • Food Security: CSOs Hail Buhari, Emiefele Over Rice Pyramids Launch

    As Nigeria’s agricultural sector gradually takes centre stage of the economy, 106 civil society organisations (CSOs) under the auspices of Coalition of Civil Society Groups (CCSG), Tuesday, hailed President Muhammadu Buhari and the Governor of Central Bank of Nigeria, Godwin Emiefele, over official launch of highest rice pyramids in Abuja. ...

  • Lesser Hajj: NAHCON Lauds Saudi Arabia For Lifting Omicron Travel Ban

    National Hajj Commission of Nigeria (NAHCON) has lauded the federal government’s efforts through the Ministry of Foreign Affairs to have Saudi Arabia lift the suspension of flights from Nigeria to the Kingdom. The Saudi Arabian General Authority for Civil Aviation, GACA, had on December 8, 2021 announced the suspension of ...

  • Maritime Stakeholders Seek CBN, AfDB’s Participation In Nigeria’s Blue Economy

    Maritime stakeholders, under the auspices of the Maritime Organisation of West and Central Africa (MOWCA), have advocated for the inclusion of the Central Bank of Nigeria (CBN), African Development Bank (AfDB) and other financial institutions in the realisation of Nigeria’s blue economy objectives. The secretary general, Maritime Organisation of West ...

  • Buhari Applauds Ayade’s Contributions To Rice Farming

    Cross River State’s investments in rice production yesterday resonated in Abuja as President Muhammadu Buhari bestowed on the state governor, Prof Ben Ayade, an award of Excellence in recognition of his government’s effort in that regard. Ayade received the presidential honour at the unveiling of the Abuja Rice Pyramids by ...